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Align Technology Valuation Multiples
Discover revenue and EBITDA valuation multiples for Align Technology and similar public comparables like United Imaging, Cooper Companies, Fisher & Paykel, Insulet and more.
Align Technology Overview
About Align Technology
Align Technology is the leading manufacturer of clear aligners. Invisalign, its main product, was approved by the Food and Drug Administration in 1998 and has since dominated, controlling over 90% of the market. Invisalign can treat roughly 90% of all malocclusion cases (misaligned teeth), and there are over 230,000 Invisalign-trained dentists and orthodontists. In 2022, Invisalign treated over 2 million cases, or roughly 10% of all orthodontic cases for the year, and it has treated over 14 million patients since its launch. Align also sells intraoral scanners under the brand iTero, which captures digital impressions of patients’ teeth and illustrates treatment plans. Over 85% of Invisalign cases are submitted by digital scans, and iTero scans make up over half of these scans.
Founded
1997
HQ
Employees
20.9K
Website
Financials (LTM)
EV
$13B
Align Technology Financials
Align Technology reported last 12-month revenue of $4B and EBITDA of $1B.
In the same LTM period, Align Technology generated $3B in gross profit, $1B in EBITDA, and $774M in net income.
Revenue (LTM)
Align Technology P&L
In the most recent fiscal year, Align Technology reported revenue of $4B and EBITDA of $1B.
Align Technology expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4B | XXX | $4B | XXX | XXX | XXX |
| Gross Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | 70% | XXX | 67% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 27% | XXX | XXX | XXX |
| EBIT Margin | 23% | XXX | 23% | XXX | XXX | XXX |
| Net Profit | $774M | XXX | $763M | XXX | XXX | XXX |
| Net Margin | 19% | XXX | 19% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Align Technology Stock Performance
Align Technology has current market cap of $14B, and enterprise value of $13B.
Market Cap Evolution
Align Technology's stock price is $190.07.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $13B | $14B | 0.0% | XXX | XXX | XXX | $10.65 |
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Start Free TrialAlign Technology Valuation Multiples
Align Technology trades at 3.1x EV/Revenue multiple, and 11.4x EV/EBITDA.
EV / Revenue (LTM)
Align Technology Financial Valuation Multiples
As of April 19, 2026, Align Technology has market cap of $14B and EV of $13B.
Equity research analysts estimate Align Technology's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Align Technology has a P/E ratio of 17.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $14B | XXX | $14B | XXX | XXX | XXX |
| EV (current) | $13B | XXX | $13B | XXX | XXX | XXX |
| EV/Revenue | 3.1x | XXX | 3.1x | XXX | XXX | XXX |
| EV/EBITDA | 11.4x | XXX | 11.7x | XXX | XXX | XXX |
| EV/EBIT | 13.5x | XXX | 13.8x | XXX | XXX | XXX |
| EV/Gross Profit | 4.4x | XXX | 4.7x | XXX | XXX | XXX |
| P/E | 17.6x | XXX | 17.8x | XXX | XXX | XXX |
| EV/FCF | 20.9x | XXX | 25.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Align Technology Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Align Technology Margins & Growth Rates
Align Technology's revenue in the last 12 month grew by 4%.
Align Technology's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Align Technology's rule of 40 is 31% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Align Technology's rule of X is 37% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Align Technology Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 27% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | 6% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 31% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 37% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 9% | XXX | 9% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 53% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Align Technology Public Comps
See public comps and valuation multiples for other Medical Devices comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Align Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| United Imaging | XXX | XXX | XXX | XXX | XXX | XXX |
| Cooper Companies | XXX | XXX | XXX | XXX | XXX | XXX |
| Fisher & Paykel | XXX | XXX | XXX | XXX | XXX | XXX |
| Insulet | XXX | XXX | XXX | XXX | XXX | XXX |
| Penumbra | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Align Technology M&A Activity
Align Technology acquired XXX companies to date.
Last acquisition by Align Technology was on XXXXXXXX, XXXXX. Align Technology acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Align Technology
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAlign Technology Investment Activity
Align Technology invested in XXX companies to date.
Align Technology made its latest investment on XXXXXXXX, XXXXX. Align Technology invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Align Technology
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Align Technology
| When was Align Technology founded? | Align Technology was founded in 1997. |
| Where is Align Technology headquartered? | Align Technology is headquartered in United States. |
| How many employees does Align Technology have? | As of today, Align Technology has over 20K employees. |
| Who is the CEO of Align Technology? | Align Technology's CEO is Joseph M. Hogan. |
| Is Align Technology publicly listed? | Yes, Align Technology is a public company listed on Nasdaq. |
| What is the stock symbol of Align Technology? | Align Technology trades under ALGN ticker. |
| When did Align Technology go public? | Align Technology went public in 2001. |
| Who are competitors of Align Technology? | Align Technology main competitors are United Imaging, Cooper Companies, Fisher & Paykel, Insulet. |
| What is the current market cap of Align Technology? | Align Technology's current market cap is $14B. |
| What is the current revenue of Align Technology? | Align Technology's last 12 months revenue is $4B. |
| What is the current revenue growth of Align Technology? | Align Technology revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Align Technology? | Current revenue multiple of Align Technology is 3.1x. |
| Is Align Technology profitable? | Yes, Align Technology is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Align Technology? | Align Technology's last 12 months EBITDA is $1B. |
| What is Align Technology's EBITDA margin? | Align Technology's last 12 months EBITDA margin is 27%. |
| What is the current EV/EBITDA multiple of Align Technology? | Current EBITDA multiple of Align Technology is 11.4x. |
| What is the current FCF of Align Technology? | Align Technology's last 12 months FCF is $605M. |
| What is Align Technology's FCF margin? | Align Technology's last 12 months FCF margin is 15%. |
| What is the current EV/FCF multiple of Align Technology? | Current FCF multiple of Align Technology is 20.9x. |
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